data as of
Settings8H · net · $10k
Funding arb /

ORCA

all ORCA markets
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Funding spread now, next payment 20:00 UTC+0.0868%/8h
next payment, per $10,000+$4.34paid, last 24h+0.170%paid, last 7 days+0.212%to open and close $10k−$64
The current rate is far above what this pair has been paying: over the last 7 days it paid 0.212% in total (about 11.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$4.34 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC ORCA_USDT1.48500.0100pay 0.0050% / 4h2h 16m$681K$153K20x
ShortBingX ORCA-USDT1.48500.0968get 0.0484% / 4h2h 16m$6.6M

Funding history

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Funding on every exchange

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Profit calculator

Funding earned
$182.28
Slippage, 4 orders
−$50.07
Fee MEXC: 2 bp × 2 orders
−$4
Fee BingX: 5 bp × 2 orders
−$10
Net
$118.21
Break-even
2.5 days
Slippage from MEXC: live order book, 16 min ago; BingX: live order book, 12 min ago.

Price risk

price view
Price gap now
0.000%
Avg gap 7d
+0.065%
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy MEXC live order book, 16 min ago3.37 bp9.6 bp −$1031.1 bp −$311334.1 bp −$33.4Kdoesn't fit
Sell BingX live order book, 12 min ago6.72 bp23.2 bp −$2377.4 bp −$774doesn't fitdoesn't fit

ORCA on 12 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Kraken Futures PF_ORCAUSD−0.1519%1h$9K$15K10xas long as short
Aster ORCAUSDT+0.0100%4h$43K$45K5xas long as short
Binance ORCAUSDT+0.0100%4h$3.5M$5.1M50xas long as short
Gate ORCA_USDT+0.0100%4h$126K$42K25xas long as short
MEXC ORCA_USDTlong+0.0100%4h$681K$153K20x
Bitget ORCAUSDT+0.0100%4h$723K$529K25xas long as short
Extended ORCA-USD+0.0104%1h$3K$155K5xas long as short
BloFin ORCA-USDT+0.0153%4h$242K$141K50xas long as short
KuCoin ORCAUSDTM+0.0602%4h$571K$202K30xas long as short
BingX ORCA-USDTshort+0.0968%4h$6.6M
Show all 12 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Bybit ORCAUSDT+0.1026%4h$2.1M$1.2M25xas long as short
Variational Omni ORCA+0.1742%4h$28K$11Kas long as short